PM Svanidhi Scheme
  • A mobile Application of Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was virtually launched by Durga Shanker Mishra, Secretary, Ministry of Housing and Urban Affairs (MoHUA) from New Delhi, in order to bring paper-less Microcredit facility for street vendors at their doorsteps and also to give force to the implementation strategy of the Scheme.
  • The aim of the app is to ease the sourcing and processing of loan applications of street vendors under the Scheme by providing a user-friendly digital interface for Lending Institutions (LIs) and their field functionaries like Banking Correspondents (BCs) and Agents of Non-Banking Financial Companies (NBFCs)/ Micro-Finance Institutions (MFIs).

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